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Tag: FINMA

FINMA Begins Proceedings into $100 Million ICO Envion

Category: Altcoins, Crime, Finance, ICO News, News

FINMA Begins Proceedings into $100 Million ICO Envion

Swiss Financial Market Supervisory Authority FINMA released a press release on July 26, 2018, regarding investigations into Envion AG’s Initial Coin Offering (ICO). Proceedings Focused on ICO The proceedings are particularly interested in potential violations of Swiss banking laws, that stem from potentially unauthorized acceptance of deposits from the ICO. The offering raised around 100 million francs (~$100,000,000) from over…

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Swiss Cryptocurrency Fund Receives First Ever FINMA Operating License

Category: Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

Swiss Cryptocurrency Fund Receives First Ever FINMA Operating License

Crypto Fund AG has received approval from the Swiss financial regulators FINMA to begin distributing funds. This license will allow the fund to offer new instruments within the Swiss financial market. The grant serves as a milestone in crypto-oriented regulation. Crypto Fund AG is the first fund of its kind to receive such approval in the Swiss sector. Crypto License…

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